Investing Tips Information

The classic chart pattern that Adam shows in this Crude Oil video is a head and shoulders pattern. Take a look at it and see why Adam thinks why Crude Oil is the new world currency.

Crude Oil – The New World Currency
by Adam Hewison

Today we’re taking a look into crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do I mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.

I analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. I’ve used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.

So take a few minutes and see what the crude oil buzz is all about and if it’s really is going to go to a $100 a barrel.

See my personal guarantee here

Click Here to view the video (opens in a new window)

The video is free to watch and there is no need to register.